Does a disregarded entity need to file an extension?
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Last modified 3/13/2023 5:30:15 AM EST |
Added by ExpressExtension Team
Applicable To
7004
4868
8868
8809
Single-member LLCs are initially classified as a disregarded entity by the IRS, and for federal tax purposes, they are taxed as a sole proprietorship.
A disregarded entity needs to file Form 4868 (Personal tax extension) to extend the filing deadline of tax Form 1040 by 6 months.
Single-member LLCs can elect to be taxed as,
- C Corporation by filing Form 8832 with the IRS. To extend the tax Form 1120, use the extension Form 7004
- S Corporation by filing Form 2553 with the IRS. To extend the tax Form 1120-S, use the extension Form 7004
If you're a foreign-owned U.S. Disregarded Entity, click here to learn more information about your filing requirements.